Charles Schwab will
introduce a financial advisor version of a
robo - advisor that will allow advisors using its platform to white label the
service to their clients for free.
In case you missed it, Wealthfront, a «
robo - advisor» that uses algorithms to provide very low - cost investment advice, raised a stink last week after Schwab
introduced Schwab Intelligent Portfolios, a similar investment
service that charges no advisory fee.